Medicare Buy-In for Ages 50-64 and Prescription Drug Price Negotiation
This act allows individuals aged 50-64 to buy into Medicare, providing them access to comprehensive health benefits. Additionally, it introduces the ability to negotiate prescription drug prices within the Medicare program, potentially lowering healthcare costs for many citizens. The goal is to expand healthcare access and reduce its expenses.
Key points
Individuals aged 50-64 can voluntarily buy into Medicare, gaining access to medical benefits, including prescription drugs.
The ability to negotiate prescription drug prices within Medicare has been introduced, potentially reducing drug expenditures.
Financial assistance for premiums and out-of-pocket costs will be available, similar to that offered on health insurance exchanges.
A dedicated Medicare Buy-In Trust Fund has been established to manage funds from premiums and financial assistance.
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